FOR IMMEDIATE RELEASE: June 1, 2020 Contacts:  National Consumer Law Center: Jan Kruse (jkruse@nclc.org) Student Borrower Protection Center: Moira Vahey (moira@protectborrowers.org) Advocates File Complaint with Federal Trade Commission; Urge Enforcement Action Against Vemo Education for Its Deceptive Marketing of Income-Share Agreements to Students Vemo-Built Comparison Shopping Tools for University of Utah and Purdue University Falsely [...]

FOR IMMEDIATE RELEASE: MAY 29, 2020 Media Contacts: National Consumer Law Center: Jan Kruse (jkruse@nclc.org) Center for Responsible Lending: Matthew Kravitz (matthew.kravitz@responsiblelending.org) Americans for Financial Reform Education Fund: Carter Dougherty (carter@ourfinancialsecurity.org) Washington, D.C. – Consumer advocates slammed the Office of the Comptroller of the Currency (OCC) for its final rule issued today that encourages online [...]

FOR IMMEDIATE RELEASE: May 28, 2020 National Consumer Law Center Contact: Jan Kruse at jkruse@nclc.org Boston – Yesterday, the Federal Trade Commission (FTC) filed a complaint and stipulated order against a New York car dealer, Bronx Honda, for discriminating against African Americans and Hispanic car buyers and employing a range of abusive tactics in the sales and financing [...]

FOR IMMEDIATE RELEASE: May 26, 2020 National Consumer Law Center contacts: Lauren Saunders (lsaunders@nclc.org) or Jan Kruse (jkruse@nclc.org) WASHINGTON, D.C. — Consumer groups and banking industry organizations joined together today to support bipartisan legislation that would prevent Economic Impact Payments from being subject to garnishment. The following statement was issued today by the American Bankers Association, Bank [...]

FOR IMMEDIATE RELEASE: May 20, 2020 National Consumer Law Center contacts: John Rao (jrao@nclc.org) or Stephen Rouzer (srouzer@nclc.org) Los Angeles County Ends PACE Program Marred by Fraud, Abuse, and Unaffordable Loans Thousands of LA County homeowners have been trapped in unaffordable loans through the Property Assessed Clean Energy financing program WASHINGTON, D.C – Effective May [...]

FOR IMMEDIATE RELEASE: May 20, 2020 National Consumer Law Center contacts: Jan Kruse (jkruse@nclc.org) or Lauren Saunders (lsaunders@nclc.org) New bank regulator guidance could permit balloon-payment loans but emphasizes responsible lending WASHINGTON, D.C. - As our nation grapples with the economic fallout of the COVID-19 pandemic, the Federal Deposit Insurance Corp. (FDIC) announced plans today to [...]

FOR IMMEDIATE RELEASE: May 20, 2020 National Consumer Law Center contacts: Jan Kruse (jkruse@nclc.org) or Abby Shafroth (ashafroth@nclc.org) Boston – National Consumer Law Center advocates urge President Trump to join with Congress in protecting student loan borrowers hurt by school fraud and closures by signing into law the bipartisan joint resolution preserving existing borrower defense [...]

FOR IMMEDIATE RELEASE: May 14, 2020 National Consumer Law Center contacts: Persis Yu (pyu@nclc.org) or Jan Kruse (jkruse@nclc.org) The U.S. House has proposed a $3 trillion bill in response to the COVID-19 crisis that will  include debt relief for student loan borrowers. The following is a statement by Persis Yu, National Consumer Law Center staff [...]

FOR IMMEDIATE RELEASE: May 1, 2020 Contacts: National Consumer Law Center: Jan Kruse (jkruse@nclc.org) Student Defense: Sam Gilford (sam@defendstudents.org) Student Borrower Protection Center: Moira Vahey (moira@protectborrowers.org) Share your story if you have had wages garnished in 2020 for a student loan.  WASHINGTON – Student Defense and the National Consumer Law Center (NCLC), with the support of [...]